Amazing 1 Year FD Scheme: This bank is offering investors up to 7.4% Interest Rate
1 Year FD Scheme: If you are searching for risk risk-free and constant return investment, the FD scheme will be best for you. Cause many banks give a 7.4% interest rate to general citizens in 1-year FD schemes.
Which Banks give a heavy interest rate on FD: Some small finance banks give their investors attractive returns. Let’s know about it..
Suryadoya Small Finance Bank: This bank gives 7.4% interest rate on FD to general citizens. Suryadoya Small Finance Bank is giving heavy interest rate on 1 year FD scheme.
Jana Small Finance: Jana Small Finance bank is giving a 7.25% interest rate on 1 1-year FD scheme to investors.
Ujjivan Small Finance Bank: Ujjivan Small Finance Bank is offering a 7.25% interest rate on 1 1-year FD scheme to general citizens.
When is TDS deducted on FDs?
Many people are under the misconception that interest earned on FDs is always taxable. However, banks deduct TDS only when your total interest income from FDs with any one bank exceeds Rs 1 lakh. TDS is not a separate tax; you can get it back by adjusting it or as a refund when filing your ITR.
